Larsen & Toubro Limited convened a meeting of its equity shareholders on August 4, 2026, pursuant to orders of the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, to seek approval for a Scheme of Arrangement between the company and its wholly-owned subsidiary, L&T Realty Properties Limited (LTRPL). The meeting was held through Video Conferencing / Other Audio-Visual Means, commencing at 3:00 P.M. (IST) and concluding at 4:21 P.M. (IST), with 116 equity shareholders in attendance. The resolution for approval of the scheme was passed by the requisite special majority under Section 230(6) of the Companies Act, 2013.

Meeting Overview and Proceedings

The meeting was chaired by Mr. Kuldeep Kumar Kareer, appointed by the Tribunal as Chairperson, with Mr. S. N. Subrahmanyam, Chairman & Managing Director, briefing shareholders on the salient features and benefits of the proposed scheme. The Scrutinizer for the meeting was Ms. Jyoti Kholia, Practising Company Secretary (Membership No. FCS 9803, COP No. 12224), appointed by the NCLT. Remote e-voting was made available to shareholders from July 31, 2026 at 9:00 A.M. (IST) to August 3, 2026 at 5:00 P.M. (IST), with e-voting at the meeting also facilitated for those who had not cast votes through remote e-voting.

Key details of the meeting are summarised below:

Voting Results

The resolution for approval of the Scheme of Arrangement received an overwhelming majority of votes in favour. The following table presents the detailed voting outcome across shareholder categories:

The Scrutinizer's consolidated report confirmed that 4,907 equity shareholders (95.82% of total voters) voted in favour through remote e-voting and e-voting at the meeting, representing 97,98,34,038 votes or 99.07% of valid votes cast. A total of 214 shareholders (4.18%) voted against the resolution, accounting for 92,01,100 votes or 0.93% of valid votes. No invalid votes were recorded.

Details of the Scheme of Arrangement

Addressing shareholders at the meeting, Mr. S. N. Subrahmanyam outlined the key terms and rationale of the proposed scheme. The Realty Undertaking of Larsen & Toubro is proposed to be transferred to LTRPL as a going concern through a slump sale at an enterprise value of ₹6300 Crs. The consideration will be discharged through the issuance of fully paid-up equity shares by LTRPL to the company. LTRPL will continue to remain a wholly-owned subsidiary of Larsen & Toubro, with no change in ownership, voting rights, or shareholder interests as a consequence of the transaction.

Key highlights of the scheme as presented to shareholders include:

• All assets, liabilities, contracts, approvals, licences, employees and business operations associated with the Realty business will transfer to LTRPL in accordance with the scheme.
• Employees will continue without interruption of service, with all existing benefits protected.
• Customer relationships, ongoing projects and contractual arrangements will continue seamlessly.
• The Realty business has an estimated development potential of approximately 71 million square feet across key markets including Mumbai, Navi Mumbai, Bengaluru, NCR and Chennai.
• During FY 2025-26, the L&T Realty Business Unit achieved pre-sales of approximately ₹10,000 Crs and contributed about 0.59% of the consolidated revenue.
• The proposed structure is intended to provide greater flexibility to access growth capital, attract strategic partners and engage with sector-focused investors.

Regulatory and Compliance Framework

The scheme has been formulated under Sections 230 to 232 of the Companies Act, 2013 and is subject to approval by the NCLT, Mumbai Bench, along with other requisite regulatory consents. The NCLT had issued its initial order on June 12, 2026, with rectification orders dated June 16, 2026 and June 25, 2026, in Company Application No. CA (CAA) 59/MB-III/2026. Observation letters were also issued by BSE Limited on March 18, 2026 and by the National Stock Exchange of India Limited on March 19, 2026. The voting results and Scrutinizer's Report have been submitted to the stock exchanges and uploaded on the company's website at https://investors.larsentoubro.com/listing-compliance.aspx , in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Larsen & Toubro has uploaded the transcript of its Q1FY27 earnings call to its official investor relations website. The conference call took place on Tuesday, July 28, 2026, providing investors and analysts with a detailed written record of management’s discussion on the company’s financial performance and operational updates for the quarter.

The upload serves as a compliance measure under Regulation 30 and Regulation 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Specifically, the action aligns with clause 15 of Para A of Part A of Schedule III of these regulations, which mandates the timely dissemination of material information and earnings call transcripts to stakeholders.

The transcript is accessible via the 'Transcripts Archives' section of the Larsen & Toubro investor portal. The company notified both the BSE Limited and the National Stock Exchange of India Limited regarding the availability of the document, requesting that the exchanges host the link on their respective websites for wider public access.

This disclosure follows an earlier communication dated July 17, 2026, in which Larsen & Toubro had informed the stock exchanges about the scheduled date and time for the Q1FY27 earnings call. The current filing confirms the completion of the event and the subsequent availability of the record for public reference.

Subramanian Narayan, Company Secretary and Compliance Officer at Larsen & Toubro, signed the disclosure letter. The filing underscores the company's adherence to regulatory transparency requirements, ensuring that all market participants have equal access to the detailed discussions held during the quarterly results briefing.